Yesterday
NAB’s pot loan is going up in smoke
For the long-suffering shareholders in listed medicinal cannabis player Cann Group, it’s a case of buy high, sell low.
- Lucas Baird
TPG Capital wines and dines LPs ahead of Novotech exit
We imagine TPG’s LPs would be pushing to get answers on two of the firm’s biggest investments Down Under: Greencross and Novotech.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Mystery suitor for Kiwi honey producer Comvita revealed
CVC’s interest in Comvita comes during a busy time for investors in the premium honey sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Two things can be true in Perpetual’s shock break-up
Perpetual is trying to get shareholders to look strictly at the numbers in a bid to take emotion out of its break-up. KKR’s $2.2 billion of cash can’t hurt.
- Anthony Macdonald
Adamantem Capital doubles down on Environmental Opportunities Fund
Edge Zero, led by former Energy Australia boss Richard McIndoe, is on track to deliver $15 million to $20 million EBITDA in the 2025 financial year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Super funds spend big ahead of advice reforms
As the legislation enabling them to give more financial advice languishes in Canberra, funds are moving ahead with plans to implement it anyway.
- Hannah Wootton
Why former APRA exec Geoff Summerhayes is targeting reverse mortgages
The product, shunned by major banks, lets retirees release equity from their homes to top up retirement income. Heartland wants to grow its $1.7b book.
- James Eyers
Lenders creating ‘unnecessary barriers’ for struggling customers: ASIC
With living costs high, ASIC chairman Joe Longo has issued a stern report on bank hardship policies. ABA chief Anna Bligh says processes are being improved.
- James Eyers
This Month
- Opinion
- Inside China
Two massive things happened while we were watching the budget
Two big overseas developments will be much more crucial in determining our economic prosperity than last week’s budget. The first is Beijing finally taking steps to address the bursting of the country’s property bubble.
- Karen Maley
Brookfield in advanced talks to buy Twiggy-backed Windlab
Both shareholders are active investors in renewables and keen to show it’s possible to make a motza in green energy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Adamanetem signs $70 million debt deal for Legend Corp
The $70 million debt facility was refinanced by existing lenders: HSBC, Westpac and Metrics Credit Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Traders finger ‘pre-hedging’ in ANZ bond probe
Fixed income traders say pre-hedging is “a grey area” riddled with inherent conflicts of interest. ASIC has already targeted Westpac over the practice in swap markets.
- James Eyers and Cecile Lefort
Greenhill’s banking arm logs $12m profit as Mizuho deal settles
The investment bank had avoided filing its accounts, but an $836 million acquisition by the Japanese lender morphs the business into a larger advisory firm.
- Aaron Weinman
Directors welcome ‘no change’ report on disclosure laws
A review of continuous disclosure laws says the end of the no-fault regime for class actions has had no impact on “meritorious” claims
- Michael Pelly
Jinding’s funds management team strikes out on its own
The rebranded group will run as an alternative fund manager and continue to invest in Jinding’s $2 billion pipeline.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Puljich family sells eight land-lease assets; Highbury on ticket
Street Talk understands Living Gems has struck a deal to sell eight land-lease communities to Avid Property Group, which owns a portfolio of 45 developments.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Greensill Capital
Why this Trump acolyte is key to finding some of Greensill’s billions
The fight to recover funds owed to Credit Suisse clients has landed with West Virginia coal baron and senate hopeful Jim Justice and a small Virginia bank.
- Updated
- Owen Walker and Joshua Franklin
MYOB’s Slate Super sale in the offing
Street Talk understands the Flare HR-controlled fund, which put its exit plans into gear in 2022, has turned the process over to the trustee.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Suitors scurry for Evergreen Consulting controlling stake
Street Talk understands the founder and company director Angela Ashton has been approached by several parties trying to coax away her large position in the privately-held company.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
How Rio Tinto executives can get paid more this year
Rio Tinto has made a step-change to executive remuneration. Bonus payments could increase materially, but not for the usual reasons.
- Updated
- Anthony Macdonald
